December 21, 2023

Three new publications from the United Nations Industrial Development Organization (UNIDO) were presented at the recent South-South Investment Forum, held on the margins of the Intra-African Trade Fair. These publications were introduced by Shenhong Yao, Director of UNIDO’s Office of South-South and Triangular Cooperation in the presence of George Elombi, Executive Vice President, Corporate Governance and Legal Services at Afreximbank, and Emily Mburu-Ndoria Director, Trade in Services, Investment, IPR and Digital Trade at the AfCFTA Secretariat.

The three publications outline the instrumental role of South-South and triangular industrial cooperation (SSTIC) in addressing UNIDO’s three major priorities for action:  ending hunger,  limiting climate breakdown, and creating sustainable supply chains. These documents collectively showcase UNIDO’s commitment to leveraging South-South cooperation as a vehicle for inclusive and sustainable industrial development, particularly in the African context.

During the launch, UNIDO’s Yao, emphasized the critical role of South-South cooperation in attracting investment to Africa. He highlighted how these collaborations offer unique opportunities for sharing knowledge, technology and resources, thereby catalyzing industrial development and economic growth on the continent.

Afreximbank’s Elombi reiterated the relevance and timeliness of the publications, pointing out the growing importance of South-South cooperation in achieving sustainable development goals in Africa and beyond.

The publications are a resource for policymakers, industry experts and stakeholders interested in the dynamics of South-South cooperation and its impact on industrial development. They provide insights into the innovative approaches and strategies employed by UNIDO to foster development through international cooperation among countries in the Global South.

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Originally posted by UNIDO. To access the original article, please click here.